CALL US AT: (610) 645-5555
Small Business Lending Division
Who We Are;
Direct non-bank correspondent lender specializing in the SBA 7(a) Program
Offering business loans secured by commercial real estate throughout the continental U.S.
“Preferred Lender” designation with the Small Business Administration
Top 10 ranking of SBA 7(a) affiliated lenders nationwide.
Use of proceeds
Owner-user commercial real estate acquisition
Debt refinance (terming out loans, lines, credit cards, mortgages)
Construction and renovations
Business acquisition / partner buyout
Purchase of machinery & equipment, furniture and fixtures
Working capital / Expansion / Start-up
Loan Size $250M - $5.0MM
Collateral 1st lien on commercial real estate & 1st available on other assets
Prepayment Three years (5, 3 and 1%)
Rate Wall Street Journal Prime + Spread (typically 2.5% - 2.75%)
Maturity Up to 25 years, fully amortizing
LTV Up to 130% - Higher LTVs for medical professionals and general office space
SBA Fee TBD
Industries we finance
Professional offices Drycleaners Daycare centers
Physicians and veterinarians Funeral homes Fitness centers
Office condos Auto repair Hotels & motels (existing only)
Warehouse / Industrial New & used auto sales Bed & Breakfasts
Gas stations / C-stores Car washes Restaurants
Assisted living Nursing homes Liquor stores
Recreational Trucking terminals And more…
Why borrowers come to us
Items needed for pre-qualification (forms available - please call)
Purchase Agreement (if acquisition) Business tax returns for 3 years
Current P&L and Balance Sheet Business debt schedule*
Borrower personal financial statement* Credit report authorization* or current report
Borrower most current personal tax return Brief summary of the transaction / collateral
RED STAR MORTGAGE IS THE ORIGINAL NO-DOC/STATED COMMERCIAL REAL ESTATE LENDER! Since 2002!
**MANY BANKS HAVE PAUSED COMMERCIAL LENDING
Red Star is actively providing debt for CRE!
Our common-sense underwriting gives us an edge over any competitor. We're creative, flexible and fast lending our own capital on deals that make sense.
30 Year Fixed Rates! Low Doc/Stated! No Tax Returns, Streamlined close. All property types considered. Nationwide. Bank turndowns and maturing loans-call us.
Perfect Alternative to SBA for owner users.
Call today to review your deal! You will be glad you did!